Elon Musk's AI venture, xAI, is in pursuit of $9.3 billion in debt and equity financing. Despite not yet securing these funds, reports indicate that xAI intends to deploy over half of this amount within the next three months. The company is currently negotiating the terms of the deal with investors, with the goal of securing financing for the construction of its data centers and the commercialization of AI tools, aiming to compete fiercely with rivals such as OpenAI.